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Does factor endowment allocation improve technological innovation performance? An empirical study on the Yangtze
1School of Economics and Management, Anhui University of Science and Technology, Huainan 232001, China; School of Economics, Fudan University, 200433, China.
Technological innovation performance in the Yangtze River Delta relies on both innovation factor input and efficient allocation. R&D fund investment is crucial, but optimizing allocation is key for high-quality regional economic development.
Area of Science:
- Economics
- Regional Science
- Innovation Studies
Background:
- Technological innovation drives regional economic development.
- Optimizing factor endowment and allocation efficiency is vital for innovation performance.
- Understanding these dynamics is crucial for high-quality growth in regions like the Yangtze River Delta.
Purpose of the Study:
- To empirically analyze the endowment conditions and allocation efficiency of technological innovation factors in the Yangtze River Delta region from 2000-2017.
- To explore the interactive mechanism between innovation factors and technological innovation performance.
- To provide insights for improving regional technological innovation and economic development.
Main Methods:
- Utilized the translog production function for empirical analysis.
- Examined three key innovation factors: innovative human capital, R&D fund investment, and fixed asset investment.
- Analyzed data for the Yangtze River Delta region covering the period 2000-2017.
Main Results:
- All three innovation factors positively contributed to technological innovation performance, with R&D fund investment showing the highest impact.
- Allocation efficiency for all factors improved across the region, though disparities exist between provinces (Jiangsu, Shanghai, Zhejiang, Anhui).
- Anhui Province faced challenges with negative alternative elasticity for human capital and R&D funds, hindering innovation output.
Conclusions:
- Technological innovation performance is influenced by both the input and allocation efficiency of innovation factors.
- Improving allocation efficiency, alongside factor input, is essential for promoting high-quality economic development in the Yangtze River Delta.
- Policy interventions should focus on optimizing the factor configuration structure, particularly in provinces like Anhui.
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